What is Fraud Over $5,000?
Fraud is a broad term that encompasses conduct which includes deceit, falsehoods, dishonesty, or other fraudulent means. Frauds can describe a variety of conduct where a person acted alone or with others, or where an attempt was made to commit a fraud but none occurred. Fraud over $5,000 is where the subject-matter of the fraud exceeds $5,000, compared to a fraud under $5,000. Frauds can be committed through acts or omissions, such as withholding materials facts from potential investors or providing misleading information about employment income on a loan application.
There does not have to be an actual loss for a fraud to occur. There must only be a risk of a loss or economic deprivation. There must also be subjective knowledge that the conduct could cause a loss or put another’s economic interest at risk. That subjective knowledge can include intentional acts or acts which are done recklessly as to its consequences.
Our Toronto Based Lawyers Can Help with Fraud Over $5,000 Charges
Our fraud lawyers in Toronto at Damien Frost & Associates LLP understand the severity of fraud charges, especially those involving sums exceeding $5,000.
An allegation of committing fraud that involves a substantial amount of money not only carries a significant penalty if you are convicted, but it can severely and permanently damage your reputation. If you are arrested or even believe that you are under investigation for fraud totalling over $5,000 you should seek out experienced counsel to discuss your options and how to protect your legal rights and interests.
Under the Criminal Code of Canada, any person who is found guilty of fraud over $5,000 is guilty of an indictable offence that is punishable by a term of imprisonment up to 14 years. If convicted of fraud in excess of one million dollars, the Criminal Code of Canada imposes a minimum jail sentence of two years in the penitentiary.
To avoid a criminal record you need the expertise and experience that Damien Frost & Associates LLP can provide.
Defence Lawyers Against all Types of Fraud
Our firm has more than 30 years of experience handling white collar crime cases, including high value fraud cases such as:
In Ontario, people facing these allegations are also charged with different types of theft offences. Our firm understands the importance of taking action right away to help minimize the consequences you are facing. From our extensive experience handling these types of cases, we know that it can be difficult for the Crown to prove all the elements necessary to sustain the charges and support a conviction. Our lawyers will work hard to expose these flaws and seek the best possible outcome.
Our Lawyers Understand Fraud Charges and Financial Crimes
Damien Frost & Associates will find fraud lawyers in Toronto who are in a unique position to assist when it comes to fraud charges, whether it be a complex financial fraud or you are looking for a fraud lawyer to help respond to an insurance audit for false claims.
Our firm used to represent the Public Prosecution Service of Canada and prosecute financial crimes and frauds on behalf of the Federal Crown. We have extensive experience working with law enforcement agencies and prosecuting complex frauds. We now use that experience and insight to represent our clients facing various fraud charges. Our office has specific experience with mortgage fraud, identity theft, forged (and uttering forged) documents, the Ontario Securities Commission, as well as a variety of other fraud-related offences, both big and small.
Fraud cases are often heavily reliant upon financial documentation and records. Those records are also often interpreted by experts in court to explain the flow of funds or to show how an accused person used some falsehood or dishonest conduct to deprive another of funds or some other property. As a result, fraud cases can often result in large-scale prosecutions and attract significant resources from the Crown. It is important that you match that experience and those resources so you have the best chance to defend yourself against very serious allegations.
Do Not Wait Until You Have Been Charged — Contact a Lawyer Today
If you are facing criminal charges or even suspect that you are under investigation, it is important to talk to a lawyer as soon as possible. Being proactive can preserve the possibility to settle issues before you are charged with any type of serious criminal offence that may damage your record and reputation. Before talking to the police, call 437-837-5346 and contact Damien R. Frost & Associates for a free 30-minute consultation.
